Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
After a rough start to 2016, stock indices continue trading at or near historical all-time highs, which has investors asking: Will the rally continue? Analysts at Argus certainly think that the rally is real and sustainable.
In a report published Monday, analysts at Argus explained the bullish case for stocks in the bottom half of 2016. The analysts argued that their bullish factors outweigh the bearish factors.
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The bullish factors include a stable domestic economy with GDP growth of 2.0 percent, interest rates remaining near historically low levels, mid-single-digit earnings per share growth in corporate earnings and strengthening global economies.
The bearish factors that shouldn't be discounted include fallout from the Brexit vote, "uneven" economic growth in Europe and emerging markets, economic trends in China, oil price volatility and a low inflation environment.
Nevertheless, the analysts stated, "We look for earnings and the markets to rebound in the second half, as the dollar and oil prices continue to stabilize."
Looking forward to the trading week ahead, the analysts are focused on the following:
- Earnings season kicking into "high gear" with many industrial, healthcare, media and technology companies on deck to report.
- The Republican National Convention.
- Ongoing domestic terror and security threats, including shootings in Louisiana.
- International events, including the attempted coup in Turkey.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.